Genesco (NYSE:GCO) Stock Rating Upgraded by Zacks Research

Genesco (NYSE:GCO) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group set a $38.00 target price on Genesco in a report on Friday, December 5th. Truist Financial set a $38.00 target price on Genesco in a research report on Wednesday. Weiss Ratings restated a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th. Finally, Jefferies Financial Group restated a “hold” rating and set a $32.00 price target on shares of Genesco in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Genesco presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Genesco Price Performance

GCO opened at $36.54 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.30 and a current ratio of 1.58. The stock has a market capitalization of $394.27 million, a PE ratio of -203.00 and a beta of 1.81. The stock’s 50 day moving average price is $28.62 and its 200-day moving average price is $28.18. Genesco has a 52-week low of $16.19 and a 52-week high of $43.81.

Genesco (NYSE:GCO) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.08). The company had revenue of $616.22 million for the quarter, compared to analyst estimates of $618.62 million. During the same quarter in the prior year, the business posted $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. On average, equities research analysts predict that Genesco will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in shares of Genesco in the first quarter worth approximately $26,000. CWM LLC raised its position in Genesco by 61.5% in the second quarter. CWM LLC now owns 1,365 shares of the company’s stock worth $27,000 after acquiring an additional 520 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Genesco by 92.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock worth $57,000 after acquiring an additional 941 shares during the last quarter. Quarry LP boosted its stake in shares of Genesco by 182.2% during the 3rd quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after acquiring an additional 1,268 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Genesco by 5,053.8% during the 3rd quarter. New York State Common Retirement Fund now owns 4,793 shares of the company’s stock valued at $139,000 after acquiring an additional 4,700 shares during the period. 94.51% of the stock is owned by hedge funds and other institutional investors.

Genesco Company Profile

Genesco Inc is a Nashville, Tennessee-based retailer, wholesaler and licensee specializing in branded footwear, headwear, apparel and accessories. Through its portfolio of retail chains, wholesale distribution channels and licensing agreements, Genesco brings a range of product offerings to consumers in North America and Europe.

The company’s retail segment includes specialty chains such as Journeys, which targets fashion-focused teens and young adults in the United States and Canada, and Schuh, a footwear retailer with locations in the United Kingdom and Ireland.